Better couldn’t meet Fannie’s financial eligibility requirements due to a “decline in profitability and material decline in net worth.”

The volume of conforming jumbos included in Fannie Mae and Freddie Mac MBS increased by 8.0% to $6.05 billion in the first quarter.

The MBA has concerns while the Community Home Lenders of America supports the effort.

The GSEs noted that if these fees to real estate agents continue to be customarily paid by the property seller according to local convention, they won't be subject to financing concessions limits.

At the end of March, some 11.1% of agency single-family servicing had coupons over 6.0%, up from just 3.1% a year ago.

Larger lenders remain the most affected by the decline in sales.

The share of refis with MI coverage in the agency MBS market grew from 10.3% in the fourth quarter of 2023 to 14.6% in the first quarter.

Meanwhile, the share of the safest mortgages — in terms of underwriting characteristics —  slipped to 11.26%...

The final legal process could stretch out for another year or two...

Purchase-mortgage volume at Ginnie Mae increased by 13.9% on an annual basis in the first quarter of 2024.